Today’s Banking

Posted in Personal Finance


There was a time when going to the bank was a part of our daily routine.Starting from the smallest to biggest for withdraws we had to go to bank in person.Now the scenario has changed with the arrival of internet.Now a days almost all banks have their websites,credit card plans and provides debit cards as well.These additions have changed the banking forever as we knew it.


Now lets have a little closer look at these addons,which can provide us greater flexibility.Banks with websites also known as online banks are accessible anytime.We are no longer confined to specific schedule anymore.It has made it possible to withdraw cash real 24/7 whenever we need.



Debit and credit cards have cancelled the need to carry cash.These cards are directly linked to your bank account,so you can use any amount of money you have in your account through this small card which you can carry in your wallet.Imagine that.Whether you are shopping or having food at restaurant,almost all merchants now accepts credit cards.So it has acceptance,carrying and spending flexibility.On other hand if you do need cash you can use the ATM(automated trading machine) to cash out using your credit or debit cards.ATMs are almost in all corner of the globe now.This is like digital money which you can’t see or touch but spend in real life.


These new emerged technologies are giving us a glimpse of the bank’s future.One there might come a day when paper money will be obsolete and digital money will be the worldwide currency knowing no boundaries.





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Dos and donts for a retirement financial plan

Posted in Personal Finance

The financial world is a very volatile space.It is always a good idea to have backup plans in case anything doesn’t work out like it was planned.Similarly a nice and well thought financial plan for your retirement will pay off in the long run.




The Do’s:

1.Be clear about your activities:When you are going to invest in a company or an individual,always learn clearly about them.Like what will they do with your money and in which ways they will be paying you,in what time frame and related questions.Be sure to see their earlier records with clients.


2.Always keep a way for exiting:Whether you are investing in a product or service it’s necessary to have an exit strategy for the worst case scenario.This will keep your assets safe.


3.Invest with your comfort:Remember to see thorough a insurance plan or retirement plan provided by companies,if you are planning to get one.Even if you find an attractive plan but you didn’t understand it inside out,that could keep door open for future troubles.


The Donts:

1.Don’t run in the crowd flow:Sometimes you will see ordinary people investing huge or moderate in something new and they can’t explain properly how they expect it to grow.They usually get attracted with the rinsing price.In these case it’s best to avoid these.Never invest in something that is rising suddenly without explanation and just because everyone is taking their chances with it.


2.Don’t gamble with stocks:If you are not experienced with stock market than don’t try to win in it.It’s true that stocks trading can be very profitable but at the same time it can eat up all your investment as well.So you can’t just put your life work in something that you can’t control or do something when it already happens.It’s best to be cautious before entering.


3.Avoid loans after retirement:It’s always best to stay focused with your own assets after retirement rather than borrowing money from other people and starting new venture.




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